Please answer the boxes below the question.

Cullumber Company has delivery equipment that cost $49,700 and has been depreciated $24,800. Prepare a tabular summary to record the disposal under the following assumptions. (a) It was scrapped as having no value. . Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. . Increases in expenses and losses require a negative sign or parentheses. . Increases in Accumulated Depreciation require a negative sign or parentheses. Decreases in Accumulated Depreciation are entered as postive amounts. Assets Liabilities + Cash + Equipment Accum. Depr. - Equip. + Bal. $ $ $ $